PT Mustika Ratu Tbk.

Consumer Goods

Head Office Graha Mustika Ratu PH Floor Summary of Financial Statement

Jl. Gatot Subroto Kav. 74-75, Jakarta 12870
Phone (021) 830-6754-59 (Million Rupiah)
Fax (021) 830-6753 2011 2012 2013
E-mail: info@mustika-ratu.co.id & Total Assets 422,493 455,473 439,584
m_ratu@indo.net.id Current Assets 326,474 352,880 313,664
Homepage: http://www.mustika-ratu.com of which
Factory Jl. Raya Bogor KM 26.4, Ciracas Cash and cash equivalents 63,711 59,561 55,331
Trade receivables 170,528 202,886 154,537
Jakarta Timur 13740
Inventories 62,804 63,429 68,057
Phone (021) 871-1291 Non-Current Assets 96,019 102,592 125,920
Fax (021) 871-0735 of which
Business Traditional Herb and Cosmetics Fixed Assets-Net 74,624 79,717 82,094
Company Status PMDN Deffered Tax Assets-Net 1,613 2,114 5,432
Other Assets 10 10 63
Financial Performance: In 2013, booked net loss at
Liabilities 64,064 69,586 61,792
IDR1.023 billion from IDR34.42 billion net income booked in Current Liabilities 53,819 58,646 51,810
2012. of which
Brief History: Initial establishment of the Company in Bank loans 3,373 6,933 7,892
Trade payables 29,541 29,886 24,629
1975, starting from the residence of Mrs. BRA garage. Mooryati
Taxes payable 5,736 8,219 3,037
Soedibyo. In 1978 the Company started its commercial run, ie Accrued expenses 2,212 976 1,068
by producing herbal products that are distributed in Jakarta, Non-Current Liabilities 10,245 10,940 9,982
Semarang, Surabaya, Bandung, and Medan. In the development Shareholders' Equity 358,429 385,887 377,791
of consumer demand increased, until in the 1980s the Com- Paid-up capital 53,500 53,500 53,500
pany began to develop various kinds of traditional cosmetics. Paid-up capital
in excess of par value 56,700 56,700 56,700
On Date 8 April 1981 mills operated in the official Company
Retained earnings 248,229 275,687 267,591
Ciracas, East Jakarta. In order to strengthen its capital struc-
ture, effective the Company obtained approval from the Capital Net Sales 406,316 458,197 358,128
Cost of Goods Sold 178,805 201,089 157,685
Market Supervisory Agency as a public company and listed its Gross Profit 227,510 257,108 200,442
shares in PT. Jakarta Stock Exchange in 1995. The companys Operating Expenses 192,034 215,516 210,570
line of herbal products is efficacious for health and beauty, while Operating Profit 35,477 41,592 ( 10,128)
Other Income (Expenses) 1,243 960 110
the Jagaraya line, which includes tonic drinks, promotes public Profit before Taxes 36,720 42,552 ( 10,017)
health. The cosmetics line includes traditional cosmetics and Comprehensive Profit 25,789 34,425 ( 1,023)
baby care products. Among the widely known products of the
Per Share Data (Rp)
company are Slimming Tea, herbal tonic for expecting moth- Earnings per Share 60 80 ( 2)
ers, and Tonic Tea. The Companys consistency in the Quality Equity per Share 837 902 883
Management System application has been conducted by up- Dividend per Share 16 17 n.a
Closing Price 500 490 465
grading ISO 9002:1994 certification to ISO 9001:2000 Quality
Management System that more prioritizing the improvement Financial Ratios
of customer satisfaction. In October 2002, the Company has PER (x) 8.30 6.09 ( 194.61)
PBV (x) 0.60 0.54 0.53
signed joint operational agreement with Bestway Department Dividend Payout (%) 27.05 20.55 n.a
Store Pte. Ltd. Singapore where the Company has opened herb Dividend Yield (%) 3.26 3.37 n.a
and traditional cosmetic counter in seven Bestway department Current Ratio (x) 6.07 6.02 6.05
store in various location in Singapore. Debt to Equity (x) 0.18 0.18 0.16
Leverage Ratio (x) 0.15 0.15 0.14
Gross Profit Margin (x) 0.56 0.56 0.56
Operating Profit Margin (x) 0.09 0.09 n.a
Net Profit Margin (x) 0.06 0.08 n.a
Inventory Turnover (x) 2.85 3.17 2.32
Total Assets Turnover (x) 0.96 1.01 0.81
ROI (%) 6.10 7.56 ( 0.23)
ROE (%) 7.19 8.92 ( 0.27)

PER = 24,42x ; PBV = 0,41x (June 2014)

Financial Year: December 31
Public Accountant: Kosasih, Nurdiyaman, Tjahjo & Rekan

Shareholders
PT Mustika Ratu Investama 71.26%
Mellon S/A Investors PAC Intl 8.96%
Public 19.78%

506 Indonesian Capital Market Directory 2014

PT Mustika Ratu Tbk. Consumer Goods

Board of Commissioners Board of Directors

President Commissioner Haryo Tedjo Baskoro, MBA President Director Putri Kuswisnuwardani, MBA
Commissioners Prof. DR. F.G. Winarno, Directors Dewi Nur Handayani, BBA,
Darodjatun Sanusi, MBA Arman S. Tjitrosoebono, MBA

Number of Employees 2,398

No Type of Listing Listing Date Trading Date Number of Shares Total Listed
per Listing Shares
1 First Issue 27-Jul-95 27-Jul-95 27,000,000 27,000,000
2 Company Listing 27-Jul-95 28-Feb-96 80,000,000 107,000,000
3 Stock Split 02-Aug-03 02-Aug-03 321,000,000 428,000,000

Underwriter
PT W.I. CARR
Stock Price, Frequency, Trading Days, Number and Value of Shares Traded and Market Capitalization
Stock Price Shares Traded Trading Listed Market
Month High Low Close Volume Value Frequency Day Shares Capitalization
(Rp) (Rp) (Rp) (Thousand Shares) (Rp Million) (Rp Million)
January-13 530 485 510 2,708.00 1,372.00 583 21 428,000,000 218,280.00
February-13 560 500 530 6,170.00 3,277.00 707 20 428,000,000 226,840.00
March-13 630 520 590 5,878.00 3,354.00 1,176 19 428,000,000 252,520.00
April-13 670 550 570 9,206.00 5,691.00 1,094 22 428,000,000 243,960.00
May-13 610 530 550 1,150.00 639.00 209 22 428,000,000 235,400.00
June-13 560 490 520 1,232.00 640.00 143 18 428,000,000 222,560.00
July-13 620 490 495 3,375.00 1,808.00 453 23 428,000,000 211,860.00
August-13 530 465 475 240.00 117.00 93 14 428,000,000 203,300.00
September-13 520 460 480 3,377.00 1,693.00 1,436 21 428,000,000 205,440.00
October-13 510 475 485 2,389.00 1,191.00 795 19 428,000,000 207,580.00
November-13 490 460 465 216.00 101.00 66 14 428,000,000 199,020.00
December-13 470 465 465 45.00 21.00 27 12 428,000,000 199,020.00
January-14 485 444 470 152.00 70.00 50 14 428,000,000 201,160.00
February-14 475 450 470 196.00 91.00 100 20 428,000,000 201,160.00
March-14 500 460 485 458.00 220.00 102 16 428,000,000 207,580.00
April-14 485 447 449 554.00 251.00 128 14 428,000,000 192,172.00
May-14 450 400 400 419.00 184.00 125 17 428,000,000 171,200.00
June-14 410 60 371 613.00 242.00 116 18 428,000,000 158,788.00

Stock Price and Traded Chart

Stock Price (Rp) Thousand Shares
700 300

600
250

500
200

400
150
300

100
200

50
100

- -
Jan-13 Mar-13 May-13 Jul-13 Sep-13 Nov-13 Jan-14 Mar-14 May-14

Institute for Economic and Financial Research 507